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Samsung Pay partners with PayPal
17 July 2017, 06:33 | Bernard Bryant
Samsung Pay partners with PayPal
"By addingPayPal to Samsung Pay, we will combine Samsung's ubiquitous payment solution with PayPal's seamless and secure mobile wallet - delivering easy access to a simple, secure payment experience".
Over time, Samsung added new cards and banks to the service.
"The partnership will help provide customers with various mobile payment services", said Rhee In-jong, the chief technology officer of Samsung's Mobile Communication Business. Currently, Samsung Pay is available for users of devices like Samsung S8, Samsung S7 Edge, S7, J7 Max and J7 Pro among others. Because Samsung Pay supports Magnetic Secure Transmission (MST) technology, it can replicate a card swipe - allowing Samsung Pay to work almost anywhere that payment cards are accepted.
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PayPal and Samsung have had a strong partnership for several years now.
In addition, PayPal just last week announced an expanded relationship with Apple, which allowed the payments platform to be included as a payment option for App Store purchases that's now accessible via Apple's mobile devices, both in the US and in 11 new markets. In 2014, we worked with Samsung to enable mobile payments with just a fingerprint.
We will continue forging new collaborations with leaders across the tech and financial worlds to expand the reach of our products, explore new contexts, increase conversions for our merchants, create better mobile experiences and give our consumers the flexibility, security and speed that digital payments can offer.
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